Auric Mining Ltd. · ASX:AWJ
Auric Mining — Investor Presentation (February 2022)
22 slides from Auric Mining's investor presentation, Feb 11, 2022
Slide 1: Investor Webinar
For personal use only ASX ("AWJ") Investor Webinar 1 11 February 2022
Slide 2: Important Notice
Important Notice For personal use only This Presentation (“Presentation”) has been prepared by Auric Mining Limited (“Auric” or “the Company”) to provide summary information about Auric and its associated entities and their activities current as at 11 February 2022. The information contained in this
Slide 3: Investment Highlights
Investment Highlights For personal use only Gold focused company in Tier 1 location, 100km south of Kalgoorlie. Listed on ASX for 1 year. Commanding tenement package around north end of Widgiemooltha Dome, including five (5) granted Mining Leases. Acquired three (3) projects from ASX listed companie
Slide 4: Capital Structure at February 2022
Capital Structure at 9 February 2022 For personal use only $9.77M $2.4M Market Cap Cash 93.1M 60% Shares on Issue Tradeable Shares 43.9M 60% Options ($0.40 exercise price) Tradeable Options (expire 31 October 2023) Directors (27.39%) Mincor (3.94%) Neometals (3.68%) Largest Shareholder (7.73%) auric
Slide 5: Directors
Directors For personal use only Steven Morris Non-Executive Chairman Steve has over 25 years’ experience in financial markets. He was Head of Private Clients (Australia) for Patersons Securities, Managing Director of Intersuisse Ltd, Founder and Managing Director of Peloton Shareholder Services and
Slide 6: Auric's Projects
Auric’s Projects Jeffreys Find Project For personal use only • Located approximately 45km northeast of Norseman, Jeffreys Find has an indicated and inferred gold resource estimate of 47,900oz at 0.5g/t cut-off. • Auric intends to progress Jeffreys Find to production in 2023. Widgiemooltha Gold Proje
Slide 7: Company Strategy
Company Strategy For personal use only 2023-Onwards 2022 2023 Develop Larger-Scale Grow Resource Base Initial Production Projects Leverage cashflow Grow resources at generated from Commence production Widgiemooltha and Jeffreys Find at Jeffreys Find, Spargoville. production to develop utilising loca
Slide 8: Jeffreys Find Project - Overview
Jeffreys Find Project - Overview For personal use only Low Capex Development Potential • Jeffreys Find represents Auric’s near term production potential with a combined Indicated and Inferred resource of 47,900oz. • Jeffreys resource hosted in banded iron formation, extending from surface to 140m de
Slide 9: Jeffreys Find Project – Road to Production
Jeffreys Find Project – Road to Production For personal use only Grade Control Feasibility Study – Metallurgical Scoping Mining, Transport Drilling (Final Testwork Study De-risking) & Toll Treatment Agreements February/ April – May August – November 2022 March 2022 2022 October 2022 – June 2023 auri
Slide 10: Widgiemooltha Gold Project
Widgiemooltha Gold Project • For personal use only Proven geological setting for gold and other mineralisation. • The tenement package surrounds the key Munda Project on 3 sides, substantially adding to prospective coverage at the north end of the Widgiemooltha Dome. • Even with the extensive mining
Slide 11: Widgiemooltha – Munda Deposit
Widgiemooltha – Munda Deposit • For personal use only The Munda Resource was subject to a resource upgrade announced on 28 January 2022. The upgrade represented a 14% increase to 198,700oz at 0.5g/t cut-off. • Previously, Munda was entirely an inferred resource. Importantly, the resource classificat
Slide 12: Widgiemooltha – Guest Prospect
Widgiemooltha – Guest Prospect • For personal use only The Guest Prospect is ~2km km southeast of Munda on a structural trend that links Guest with Munda. • 9 RC drill holes was completed by Auric in August 2021 for 864 metres. • 4 holes were drilled to target historic workings in the southeastern a
Slide 13: Spargoville Project
Spargoville Project For personal use only • Prospective position along strike from Wattle Dam Gold Mine which produced 268,000oz @ 10.0g/t Au (2006-2013)1. • Soil auger sampling has defined strong Au anomaly in SE corner of E15/1688 – the Fugitive Prospect • Follow-up drilling has only part tested F
Slide 14: Resources
Resources Auric Combined Resources For personal use only 300,000 245,900 Total Estimated Ounces Gold 250,000 220,900 200,000 200,000 184,000 150,000 107,900 100,000 61,500 46,400 45,900 50,000 36,900 - - - 0 Jun-2020 Sep-2020 Nov-2020 Jan-2022 Inferred Indicated Total Gold Royalties • September 2020
Slide 15: Near Term Priorities
Near Term Priorities TIMELINE Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 For personal use only Munda resource upgrade completed. Define Munda development options in conjunction with WIN. Widgiemooltha Further RC drilling at Guest Prospect completed. Drilling and Metallurgical testwork at Munda. Airco
Slide 16: Budgeted Cash Expenditure January 2022 to June 2022
Budgeted Cash Expenditure 1 January 2022 to 30 June 2022, excluding Acquisition Opportunities For personal use only Details Amount Munda Project $90,000 Guest Prospect $320,000 NMT Gold Rights $320,000 Jeffreys Find $150,000 Spargoville Project $200,000 Sub Total $1,080,000 Administration Costs $600
Slide 17: Cash Expenditure August 2019 to December 2021
Cash Expenditure 19 August 2019 to 31 December 2021 For personal use only Material cash expenditure Munda Gold Deposit Original cost, performance & royalty payout, stamp duty and exploration $ 3,826,060 NMT Gold Rights Original cost, stamp duty and exploration $ 784,939 Jeffreys Find Original cost,
Slide 18: Auric's Investment Proposition
Auric’s Investment Proposition For personal use only • Board and executive leadership team with track record of delivering success for shareholders. People • • Excellent technical team with proven results and serial success in project generation and development. Capability to acquire good projects f
Slide 19: Current Resources
Current Resources Current Mineral Resource Estimates For personal use only Deposit Cut off Category Tonnes Au Au Au g/t (Million) g/t koz Inferred 0.80 1.39 35.6 Munda 0.5 g/t Indicated 3.68 1.38 163.1 Subtotal 4.48 1.38 198.7 Inferred 0.30 1.08 10.3 Jeffreys Find 0.5 g/t Indicated 0.91 1.26 36.9 Su
Slide 20: Compliance Statements
Compliance Statements For personal use only The information in this presentation relating to current resource estimates for the Munda Gold Project is extracted from the announcement ‘Increase in Estimated Resources at Munda and Reclassification from Inferred to Indicated’ dated 28 January 2022 and i
Slide 21: Company Vision
Company Vision For personal use only “ To create shareholder wealth by becoming a successful gold developer in a Tier 1 mining “ province in Western Australia. auricmining.com.au 21
Slide 22: Thank You
For personal use only Thank You Contact Mark English Managing Director +61 409 372 775 menglish@auricmining.com.au John Utley Technical Director +61 409 109 687 jutley@auricmining.com.au